My husband and I have a very small business and have a small outstanding debt from another business ($400). The amount isn't enough to go to small claims court over but what are my options to collect. Would a collector take on such a small amount. How do I go about reporting a business to the credit agencies if we never get our money? This is turning into a principle issue for me.
Thanks for all replies.
2006-10-27 09:45:32 · 2 answers · asked by judy b 2 in Business & Finance ➔ Other - Business & Finance
don't you hate it when people owe you money and they won't pay? okay, here are your options:
1. small claims court (not your best shot)
2. collection agencies. some will buy the account from you for less than $400 and then go after the customer for the entire $400. or they will try to collect the entire $400 for you and take a percentage as a fee.
3. write it off as a loss and refuse to do business with them again
4. if you continue to do business with them, you can try to add $400 to their next bill/invoice
2006-10-27 10:11:23 · answer #1 · answered by loveholio 5 · 0⤊ 0⤋
Some attorneys will work for a third of what they can collect
2006-10-27 10:07:21 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋